FDIC: 34% of Ga. banks unprofitable
One-third of Georgia’s commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. (FDIC) are now unprofitable, according to the FDIC's quarterly banking profile report published Tuesday.
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PIPE receives $300K Assisi grant
Partners in Public Education has been awarded a $300,000 grant from The Assisi Foundation of Memphis, with the potential of an additional $700,000 if the organization raises $1.2 million by May 2009.
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Colliers International Names EVP, U.S. Ops.
Colliers International has selected Carolyn J. Sidor as its new executive vice president, U.S. Operations. Working out of Colliers’ Boston headquarters, Sidor will be responsible for overseeing the company’s 99 offices across the United States.A 20…
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Florida banks net income plunges in second quarter
Florida’s 275 commercial banks reported a collective net loss of $4 million for the second quarter ended June 30, down 101 percent from $493 million in net income reported by 273 commercial banks in the state in the second quarter of 2007.
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Northland Acquires $270M Apt. Portfolio in Austin
Northland Investment Corp. has closed on the largest multifamily deal to date in Austin, TX.The privately held real estate investment group purchased nine apartment communities from Equity Residential Properties Trust for $270 million, or about $90…
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Half of King of Prussia Mall for sale
A company that owns half of the King of Prussia Mall has put its share up for sale, its broker said Tuesday. (SPG)
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Equity One / DRA Advisors JV Spends $53M on South Florida Portfolio
In a joint venture with DRA Advisors, shopping center REIT Equity One (NYSE: EQY), completed the acquisition of three properties in South Florida. The joint venture acquired the properties for $53 million - it obtained a $38.9 million mortgage loan…
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Survey: Americans’ trust in businesses dropped
Americans say their trust in businesses slid in 13 of 15 industries measured, according to the latest Better Business Bureau/Gallup Trust survey.
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Cosentino to triple its size in Brazil
Cosentino North America is planning a $23 million expansion of its granite slab processing plant in Vitoria, Brazil.
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Twin City Hardware opens Phoenix office
Twin City Hardware Co. is expanding into Phoenix with the Sept. 2 opening of TCH Southwest.
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